MSFT Annual Report 2004 - Financial Highlights

FINANCIAL HIGHLIGHTS

(In millions, except per share data)

Year Ended June 30	2000⁽¹⁾	2001^(1,2)	2002^(1,3)	2003^(1,4)	2004

Revenue	$22,956	$25,296	$28,365	$32,187	$36,835
Operating income	11,006	11,720	8,272	9,545	9,034
Income before accounting change	9,421	7,721	5,355	7,531	8,168
Net income	9,421	7,346	5,355	7,531	8,168
Diluted earnings per share before accounting change	0.85	0.69	0.48	0.69	0.75
Diluted earnings per share	0.85	0.66	0.48	0.69	0.75
Cash dividends per share	-	-	-	0.08	0.16
Cash and short-term investments	23,798	31,600	38,652	49,048	60,592
Total assets	51,694	58,830	69,910	81,732	92,389
Stockholders' equity	41,368	47,289	54,842	64,912	74,825

(1)	The financial data presented for fiscal 2002 and 2003 has been restated as prescribed by SFAS 148, Accounting for Stock-Based Compensation - Transition and Disclosure and amendment of FASB Statement No. 123, to reflect the retroactive adoption of the fair value recognition provisions of SFAS 123, Accounting for Stock-Based Compensation as discussed in Note 13. The information presented for 2000 and 2001 has not been restated. If fiscal 2000 had been restated, the operating income and net income would have been $9,113 million and $8,172 million. If fiscal 2001 had been restated, the operating income and net income would have been $8,343 million and $5,084 million.
(2)	Fiscal 2001 includes an unfavorable cumulative effect of accounting change of $375 million or $0.03 per diluted share, reflecting the adoption of SFAS No. 133. Fiscal 2001 also includes the acquisition of Great Plains Software, Inc. for approximately $1.1 billion in stock.
(3)	Fiscal 2002 includes a $1.25 billion (pre-tax) gain on the sale of Expedia, Inc.
(4)	Fiscal 2003 includes the acquisition of Navision a/s, Rare Ltd. and Placeware, Inc. for a total of $1.23 billion in cash and $788 million in stock and other consideration.